Goldblog

Gold, as a commodity currency, shares a strong negative correction - as much as 85%  - with the US dollar. Hence, keeping a watch on the dollar is crucial for someone who tracts gold prices.
The dollar has been slipping since 2002. It has witnessed some pullbacks since late July against major currencies like the euro and sterling. This strength in the dollar was party due to decline in the US trade deficit from late 2007 till early 208.The dollar has again shown a rising trend  from April 2008 due to sub-prime related credit problems. The tredn is now expected to continue on the back of huge infusion of public funds to rescue the US banking sector. This is once again likely to raise the US trade deficit and put the pressure on the dollar.
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esunder AT in DOT com